Forex Opinion & Analysis
USD/JPY: Mean Reversion Rebound in Greenback May Have Hit Ceiling
04.10.2024
USD/JPY: Mean Reversion Rebound in Greenback May Have Hit Ceiling
The recent week of Japanese yen weakness is likely driven by “political jawboning” The current jump in the JPY implied…
USD/CAD: Recovery Action in Check as Market Awaits NFP Report
04.10.2024
USD/CAD: Recovery Action in Check as Market Awaits NFP Report
USD/CAD returns above 20-day EMA and familiar constraining line Technical signals cannot warrant a meaningful rally September’s US nonfarm payrolls…
EUR/USD Hits 3-Week Low Amid ECB Easing Expectations – More Downside Ahead?
04.10.2024
EUR/USD Hits 3-Week Low Amid ECB Easing Expectations – More Downside Ahead?
The EUR/USD pair has descended to 1.1027, marking its lowest point in three weeks. The drop reflects market anticipation that…
US Dollar Index Extends Gains, BoE Governor Bailey Remarks Weighs on GBP/USD
04.10.2024
US Dollar Index Extends Gains, BoE Governor Bailey Remarks Weighs on GBP/USD
The US Dollar Index (DXY) has seen a strong rally this week, fueled by expectations of a 25 bps Fed…
How Will AUD/NZD Trade on a 25bp or 50bp Rate Cut From the RBNZ?
04.10.2024
How Will AUD/NZD Trade on a 25bp or 50bp Rate Cut From the RBNZ?
AUDNZD is one I’m looking at for an RBA/RBNZ play.We’ve seen the kiwi side weakening as lots of banks are…
US Dollar Index: Sustained Growth or Momentary Rebound? Jobs Data Holds the Key
03.10.2024
US Dollar Index: Sustained Growth or Momentary Rebound? Jobs Data Holds the Key
The Dollar Index rallied for the fourth day in a row, gaining over 1.7%. Thanks to a mix of geopolitics…
Is the US Dollar Index About to Confirm a False Breakdown?
03.10.2024
Is the US Dollar Index About to Confirm a False Breakdown?
The US Dollar Index (DXY) made several attempts last week to push lower from the symmetrical triangle but they all…
US Dollar Aims for More Upside After Strong US Labor Market Data
03.10.2024
US Dollar Aims for More Upside After Strong US Labor Market Data
Dollar gains as ADP jobs report beats estimates Yen falls on Prime Minister Ishiba’s dovish remarks Pound collapses after BoE’s…
EUR/USD Bears Eye Lower Levels as Safe Haven Flows, Upbeat US Data Boost Greenback
03.10.2024
EUR/USD Bears Eye Lower Levels as Safe Haven Flows, Upbeat US Data Boost Greenback
The EUR/USD pair struggles near 1.1050 amid upbeat US data and declining inflation in Europe. Traders brace for volatility ahead…
NZD/USD Dips as Market Anticipates RBNZ Rate Cut
03.10.2024
NZD/USD Dips as Market Anticipates RBNZ Rate Cut
The NZD/USD pair continues its downward trend, dropping to 0.6240 in its third consecutive session of declines. This ongoing sell-off…